HND_保險(xiǎn)學(xué)原理outcome

1、1. （1）Chosen policy relation to circumstancesJ is a manual worker who is young and without enough experience. so employment is often sporadic. his wife r doesnt have a fixed job. they have a two years old daughter and will have another baby in the future. they live in the rented accommodation. So th

2、ey have not much money. but one benefit is that they have no bank mortgage loan. thus, this couple need a insurance protection. term assurance is a suitable insurance to js family which may be increase the money they have.(2)描述TERM asSURANCE的特征 term assurance is life insurance wh

3、ich provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or c

4、onditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.Term insurance functions in a manner

5、similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired, and does not expect a return of Premium dollars if no claims are filed. (3)為什么推薦這個(gè)保險(xiǎn)term assurance provides different initial indication of th

6、e insurance needs to various age group. the first age group is 18to 25, so this term assurance is quite suitable insurance protection to this couple j and r. in this case, j and r have not fixed job and r do some part-time jobs who cannot bring consistent income into this family. thus, this family d

7、oes not have a fixed income and have not much money. this couple also have no finance agreement because they do not have mortgage. in addition, no relatives provide help to this family. so, term assurance has low of money and provide a wide coverage of life which will have good guarantee with their

8、family. if one of families die, then this family will gain profits from insurance.2. 解釋四個(gè)東西。conditions：conditions that the insurance company needs to be fulfilled may be analysed in two ways, times and type. conditions described according to type,firstly, implied that the insured has an insurable in

9、terest in the life of the subject and both parties have observed the utmost good faith in their dealings with one another. the life insured actually exists and can be uniquely indentified. express conditions are divided into general and particular. general covers protection, alterations, claims, pri

10、vileges, contribution and cancellation clause. conditions described according to time. firstly, conditions precedent to the contract. conditions that must be fulfilled before the contract is valid. secondary, conditions subsequent to the contract espressed in the contract and can be either general o

11、r particular. finally conditions precedent to liability expressed in the policy and deal with the claims procedure. in life assurance, the espress conditions of either a general or particular nature can be classified as restrictive, privilege and special. restrictive privilege and special.attestatio

12、n clause:this is where the policy is signed by a senior official of the insurance company. specification:this is usually used where there is not enough room on the policy to record all the particulars.endorsements:occasionally, it is necessary to make adjustments to the wording of a policy to take n

13、ote of changes in sums insured or the substitution of one item for another. in such cases, a new policy would not be drawn up. instead, an endorsement slip is issued, noting the alterations and any additional or return premiums involved.3. (1)如果有價(jià)值盈余將會(huì)發(fā)生什么。In finance, valuation is the

14、 process of estimating what something is worth. Items that are usually valued are a financial asset or liability. Valuations can be done on assets or on liabilities Valuations are needed for many reasons such as investment analysis, capital budgeting, merger and

15、60;acquisition transactions, there are 4 valuation steps. firstly, the actuary will determine the mid-market price of the investments relation to each fund and add them together. secondary, the actuary will then add uo all expenses that have to be deducted, based on premium already paid and rev

16、ersionary bonuses already declared. thirdly, the actuary will then determine the bonus that will be declared, given three factors, which are past growth, current state of the fund and future prospects of investment return. finally, using a computer program, the actuary will then allocate the annual

17、bonus to each life assured.(2)什么叫紅利。A with-profits policy  is an insurance contract that participates in the profits of alife insurance company.  there are 3 major types of bonus:A reversionary bonus  is paid at the end of each year. The annual bonus may consist of two parts. It is set at the outset of the policy and usually cannot be varied. The rest of the annual bonus will depend on the investment return achieved by the fund subject to smoothing.